“Parasites … Parasites everywhere!”
Coronavirus, move the hell outta the way … the real threat to humanity takes
center stage today, as the faculty lounge Twits at the FED infect us once again
with their bullshit … and in case you haven’t noticed, the U.S. is on a collision
course with math … “QE funny money” to infinity to support the stock market,
artificial suppression of interest rates, blatant suppression of gold & silver, and
manipulating every financial market on Earth for their own benefit, at some point
the entire “shitshow circus” comes crashing down” … and at the heart of it all are
the scumbag bankers, from the chief ringleader [FED], to their crony buds at
Squid & JPM.
And while the U.S. Department of Justice [DOJ] openly admits in court, in
precious metals trading court cases, that JPM is a “criminal enterprise”, I don’t
see any ramifications or consequences for their actions … it’s “biz as usual”
while the middle class gets “fleeced” … and make no mistake, every one of us is
getting hurt by FED policy, from the blatant money printing to the effort to
destroy your wealth via inflation … meanwhile, banks like JPM continue to profit
handsomely from pre-arranged Treasury debt trades with the FED, so the FED
can monetize the national debt … hell, they’ll even loan them the money for a
few days at almost 0 %, so they can buy it back at a guaranteed profit for the
bank … how many hundreds of millions if not billions has been handed to these
scumbags by the FED? … why can’t I have some of this “action”?
On Monday, I was notified by PRIMEXBT, that they have introduced new FX pairs
[that nobody cares about], as well as some new stock indices that are now
available for trading on the platform … included in that was the DOW30, but
there’s a big problem here … namely, their commission structure, which at 0.01%
notional of whatever it is you trade, makes the total cost of trading the DOW30
CFD somewhere between 4 - 5 index points [bid/offer spread + RT commissions]
… “right, nice going, now tell me who the fuck is gonna seriously trade this with
that kind of vig? … nobody, that’s who … are you people in management just
plain fucking stupid, or maybe you think all retail specs are just fucking dopes?
… why would anybody come here to trade this, when I can waltz right over to any
number of other offshore brokerage houses, including FX CHOICE, and pay
HALF OF THAT AND PUT THE REST IN MY POCKET? … I guess I’m not supposed
to notice the FREE MONEY I’d be handing you for … for wut?! … cuz you’re here?
… GTFO with this bullshit … quite frankly, I’d be embarrassed as an owner or
partner in any brokerage house that offered some shit like this and expected no
blowback”!
And the above is what I sent PRIMEXBT management yesterday, and while I fully
expect to be ignored and/or blown off, at least they know that I know this pig ain’t
gonna fly with the trading public anytime soon. What amazes me, is that they have
to pay the scumbag banks for access to these trading markets to be on their
platforms, and it ain’t cheap … how are they gonna pay for this shit when nobody
trades it? … oh sure, maybe some dope with a 1 lot who hasn’t a clue stumbles
along and decides to “take a flyer”, but that isn’t gonna pay the bills … meanwhile,
their FX & crypto host the best trading conditions you’ll find anywhere … why the
disconnect?
I will say, though, that after analyzing ALL of their CFD’s for “total cost to trade”,
the only one that you can currently call “acceptable” is the NDX100 CFD … it’s
only fractions of an index point off [0.3 - 0.5 index points] what the MOST
competitive offshore platforms offer, and it most likely isn’t going to be the
reason you make or lose money trading … the others, like the SP500 & DAX30,
are a joke like the DOW30, where you’re simply giving up way too much for the
ability to trade it … and why would anybody do that? Bottom line is that I’ll
probably trade the NDX100 in the “Coinvesting” [PAMM program] program once
they get it up and running … when that is nobody knows, as they are quite
secretive about it for unknown reasons … all I get from them is that they are
making it a high priority and working diligently to get it done … “right, more
brokerage house bullshit, just what the world needs”, so we’ll see.
Of course, what makes trading an acceptable stock index at PRIMEXBT special,
are 1) extremely low margins, better than you’ll find anywhere, 2) extremely fast
execution times on orders … knock on wood, I’ve never had any noticeable
slippage on any order that I’ve done with them, as they have been better than
excellent, AND 3) you can trade the NDX100 in 0.01 increments, which at the
minimum is a penny per point, so even the smallest account can trade it
… compared to others that shall remain nameless, that’s a very big deal. Add to
the equation 4) deposits / withdrawals & account balances held in Bitcoin [BTC],
AND 5) no KYC to open an account and trade, and this is as close to a
“no brainer” as you’re ever going to get.
Here hours before the NYSE open, I’ve traded some NDX100 [symbol “NASDAQ”]
at PRIMEXBT to give a trial run through using the algorithm I use for the DOW30
at FX CHOICE … and sure enough, fills are right on the bid/offer at lightning
speed, and my cost for trading it was right around 1.3 index points … I simply
did some scalping trades, where I was looking for a 3 point “pop” to take profits,
and my goal here wasn’t the 1.7 points of profit, my goal was to see if I’d get
screwed on slippage, which would negate the profit, and give me a loser when I
was expecting a winner … happy to say, there wasn’t any slippage I could detect
… so, taking into account no slippage that I could see, that’s far better than
hitting the buy/sell buttons and wondering where the hell my fill is gonna be
… like I said, about 0.3 to maybe 0.5 index points higher than the very best
conditions available, but given the nature of the movements in the NDX100, I’ll
gladly give that up to see no horrific slippage … bottom line though, for traders,
especially smaller ones, is that the NDX100 is a “GO” at PRIMEXBT!
I said some days ago that I Was investigating silver as a viable market to trade at
PRIMEXBT .. yes, conditions there make it one of the very best in terms of lowest
cost to trade … however, silver’s big problem is the way it trades … namely, it
sleeps for hours on end with very little movement, and then it simply explodes
… if you’re on the wrong side of this, or have a stop in the market, I don’t know
how you don’t end up getting royally fucked … cuz get caught in this shit once,
and it’s gonna take some time to recover the damage … from an algorithm
perspective, it’s “mission impossible” to get anything remotely close to
predicting when these explosions come, or how to avoid them … make the
algorithm to “tight” and you get a ton of “false positives” … make the algorithm
to “loose”, and they will come get you with a horrendous fill. Bottom line is I
don’t see silver as a good, viable market without risk going full retard … it’s just
not worth it. So, no silver in my immediate future.
Here at the NYSE open, another money laundering excursion into excellence, as
the “Chipmunks” get fed at the high of the day [so far], and the banks make off
with the skim … why should today be any different from any other day?
… pandemic? … what pandemic? … can’t the coronavirus just be bought off with
some CNTRL-P “QE funny money”? … no? … why not, everything else is!
“Well, that escalated quickly to the downside, didn’t it”? … buy the Apple rumor,
sell the fact? … suck all the position traders who BTFD into the market at the
open? … oh, and those home sale numbers, the worst since 2010? … yea,
probably nothing … no worries, we got Spicoli at 2 PM EST, live from the faculty
lounge, to explain in twisted, convoluted logic, that you have nothing to fear but
fear itself, or some such shit, and they’re on the scene to put out any fires … and
if you believe that, remember that beachfront property I got for sale in Kansas
… “please, don’t let no ocean within 1,000 miles from Kansas, deter you in your
dream for beachfront property”!
And now that the DOW30 just went “tapioca” for 200 points in under 40 minutes,
here comes the “Plunge Protection Team” [PPT] bidding shit higher with abandon
to make all the portfolio managers who sold on the way down look like total
“Chumps” … it’s who they are and it’s what they do … you think the pain from
selling on the way down is hard to take? … well, it dulls in comparison to
knowing that they let you sell, only to then shove it up your ass when you’re
done … thanks, come again!
So, NYSE’s been open for about 75 minutes now, and we’ve gotten so far, a new
high on the open [thanks Chipmunks!], then a new low, and now back to the
middle, with a day’s range of 225 index points … let’s hear it for the “Flying Wedge
of Death” [FWD]! … and now that everybody [except us] has been fucked six ways
from Sunday, with the FED lined up for more bullshit in a little over 3 hours, good
luck making anything back you got slaughtered on, cuz it ain’t happening! … time
for “chop city”, where only the scumbag banks win and you lose. Quite frankly,
everything a central bank manipulator loves to see!
The DOW30 & SP500 now, just obliterating shorts with a vicious rally from the
PPT … without seeing order flow, which only banks can see now, all of us are
oblivious to their machinations and evil intent … most of the time, I can see and
feel with the algorithms help, when they’re coming back in to create “buy fuel”
… on longer stints higher, though, it becomes much tougher to gauge shorts pain
in the market, and it also isn’t as predictive … you don’t want to create bad habits
in trading by giving the PPT omnipotence they don’t actually have. In other words,
the smart money is on correctly scalping, not positioning.
Who knows what the Twits at the FED do this afternoon … quite frankly, they are
immaterial at this point to the narrative in the market of 2 things … 1) QE∞ is
priced into stocks, and if the money spigot is turned off, the reaction to the
downside will be violent, and 2) they are completely clueless to handle a health
pandemic, and wouldn’t know how to respond except to print MOAR!, which again
I raise the point of I don’t think they want to telegraph this at a FED meeting. In
any event, the NDX100 acts like nothing is ever going to stop the money train
higher, and the market is completely ignoring the risks of the coronavirus on
economies across the world, especially on the Pacific Rim … if this shit isn't
contained soon, and there’s no indication it is, the fallout next week and beyond
could be catastrophic for markets … not predictin’, just sayin’ … to ideally blow
it off like it’s no big deal, I think is highly presumptuous for a group of markets
that are “bubble-esque” in values, and where a whole generation of traders has
no clue what a real bear market in stocks looks & feels like … when they
eventually find out, the pain is going to be immense, especially in the NDX100.
Still a couple of hours away from the FED, and as I predicted earlier,”chopfest” is
the name of the game.
Here before the FED decision, an absolute fucking joke of a short squeeze rally,
as the PPT squeezes some “cashew nuts” and forces shorts to puke … sadly, this
is the manipulation shitshow that has become so normal it doesn't even raise
eyebrows anymore … what a fucking joke, as we go straight up, then straight
down, and it’s crawled all the way back up … “wish I had a CNTRL-P MACHINE in
Mom’s basement”!
Well, there you have it … “we’re gonna smother the coronavirus with printed
money and that will kill it, and that means “Everything Is F-ing Awesome, Baby!”,
and you people that get sick and die, well no worries cuz the FED has solved
everything”!! … just some more manipulation magic to insure “Ma & Pa” get
sucked in at the top of the biggest bubble ever, and stay there … seriously,
calling this a “market “ is an injustice to language.
One good algorithm buy signal today … FX CHOICE PAMM / MAM UP A HAIR SHY
OF 0.5%.
Outside of that buy signal, not much to do but wait for the FED … it’s that kind
of day, and the closer you get to release time, the more “Effed Up” the market can
get … now that the scumbag LP banks have skimmed their clients off the FED, the
“Tulip Bulb 30” is having second thoughts about rallying … anybody that trades
news is simply an idiot, cuz these banks will skin you alive … buying rallies and/or
selling breaks is a one-way ticket to the poorhouse.
Not much left after the FED … here late in the day, I think buyers are gonna have
some trouble sustaining any kind of rally given the news out there and the
uncertainty surrounding just how fast the coronavirus can spread … with what
we’ve seen so far, which is almost total complacency, any escalation of the death
rate or spread of the contagion into the millions and I wouldn’t be so complacent
holding “bubble-esque” stocks … we’ll see, and the FED is clueless in this as
most everybody knows, so they won’t be a factor … what matters is how this is
handled and does it recede or grow, and right now the benefit of the doubt is
going to those who think it’s no big deal … let’s hope so, but I remain highly
skeptical of the Chicoms handling anything and making it work … until there is
some kind of resolution of some kind, I’d expect markets to remain nervous.
Spicoli having his presser now, and if the idiot doesn’t say something stupid,
which is a very big “if”, market’s look poised to remain in limbo.
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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